Consider the Following Decision Table with Rewards in $ Millions

question 5

Multiple Choice

Consider the following decision table with rewards in $ millions. $\begin{array}{r}\text { State of Nature }\\(\begin{array}{|c|c|c|c|}\hline\text { Decision Alternatives } & S_{1} & S_{2} & S_{3} \\\hline d_{1} & -1 & 2 & 8 \\\hline d_{2} & -3 & y & 5 \\\hline d_{3} & -0.5 & 0.75 & 1 \\\hline d_{4} & 0 & 0 & 0 \\\hline d_{5} & x & -1 & -1\\\hline\end{array}\end{array}$
If you are using the maximin criterion and decide d₄, then x y is ______.

• A)at most -1
• B)less than -1
• C)any value
• D)cannot be determined without knowing the value of y
• E)less than -3

---

Definitions:

Expectations

Beliefs or hopes regarding what is possible or likely to happen in the future.

Cross-sequential Study

A research design that combines both cross-sectional and longitudinal methods to study individuals at different ages and how they change over time.

Adult Intelligence

The level of intellectual functioning and capacity in adults, encompassing abilities such as abstract thinking, learning, and understanding.

Wisconsin Longitudinal

A long-term research study focusing on the life course of individuals who graduated from Wisconsin high schools in 1957.